Bitcoin 
$97,476 recently surpassed $73,000, nearing a new record level. According to CoinMarketCap data, Bitcoin is currently trading at $72,209. This indicates that Bitcoin has gained 7.54% in the past week and 14% in the last month.
Impact of Individual Investors
eToro Market Analyst Josh Gilbert stated that individual investors have not yet peaked in their interest in Bitcoin’s upward trend. According to Gilbert, this suggests that there is still potential for further price increases. As Bitcoin approaches the record level of $74,000 reached in March, it is moving towards new heights.
Gilbert notes, “Individual investor interest has not reached its peak; this could push prices higher.” Analysts believe that expectations around Donald Trump winning the upcoming U.S. elections could positively impact Bitcoin prices, as he is perceived to have a more favorable view on Bitcoin.
Scaramucci: Bitcoin is Still in Its Early Stages
Anthony Scaramucci, founder of SkyBridge Capital, remarked that Bitcoin is still in a developmental phase. He believes that Bitcoin has not yet been fully accepted as a genuine store of value, although it possesses that potential.
Scaramucci advises not to worry about missing out as Bitcoin reaches new peaks; it is still early. He believes Bitcoin’s true growth will occur as Wall Street strategies come into play and more applications for Bitcoin are developed. The potential for financial advisors to consider Bitcoin in their portfolios may also be a long-term positive sign for Bitcoin.
Overall Market Outlook
Bitcoin is influenced by market dynamics and investor expectations. The interest from individual investors and the impacts of election results could directly affect price movements. Additionally, the development and adoption of Bitcoin technology are seen as factors that could enhance its long-term potential.
